The Kernutt Stokes Advisor

Retirement Savings Plan to be Mandated for all Oregon Employers

By Dean Huber More than 1 million Oregon workers do not have access to an employer sponsored retirement savings plan at work.  The Oregon Legislature considered this a retirement savings crisis and passed a bill in 2015 to remedy the situation.  They created OregonSaves, a state sponsored retirement savings program for private sector employees.  The Oregon Retirement Savings Board (“the…

Backdoor Roth IRAs and Skinny Lattes

By John Mlynczyk Roth IRAs are excellent retirement and estate planning vehicles.  Roth IRAs provide for tax free growth on your investments and tax free distributions at retirement.  That’s great!   However, many taxpayers cannot make direct contributions to Roth IRAs.  In fact, married taxpayers filing a joint return cannot make direct Roth contributions if their adjusted gross income (AGI) is…

Technology: What Does WannaCry Teach Us?

The global ransomware attack dubbed WannaCry marked an unwelcome precedent in the dark world of cybercrime. It is the first cyberattack that combined ransomware with the self-propagating power of a “worm” to generate a wide-ranging, global attack, affecting some 200,000 computers in more than 150 countries with the toll still rising. The hackers behind the scheme took standard ransomware and…

Stock Market: Investors Take Political Turmoil in Stride

Not surprisingly, Donald Trump’s first 100 days as president have delivered surprises, scandals and controversy – none of which are considered beneficial to steady stock market performance. Yet, despite the screaming headlines, the markets generally held their own. Here are some of the issues and trends that dominated the investment sector during the past month. The Whipsaw Effect President Trump’s…

Kernutt Stokes Service Spotlight – Brewery Services

Each type of beverage manufacturer is unique in their industry and faces their own set of challenges, whether in material acquisition, manufacturing and distribution, or food safety legislation. The Kernutt Stokes Beverage Industry team specializes in services to breweries and understands the intricacies these businesses face each day. We work with our brewery clients to develop and implement a strategic…